Welcome to the WEA conference
Monetary Policy after the Global Crisis
How Important are Economic (Divisia) Monetary Aggregates
for Economic Policy?

(in honour of William A. Barnett)


Filip Fidanoski, University of Luxembourg, Luxembourg
James Swofford, University of South Alabama, USA

Call for papers

This year marks the tenth anniversary of the greatest recession after 1929-33.  The recent financial crisis has induced central banks to undertake substantial steps. These steps include quantitative easing or a renewed focus on the quantity of money in the economy.  Therefore, our main goal is to establish a good forum for confronting of the opposite views about the causes and consequences of the Great Crisis.  Specifically, some economists acknowledge the importance of proper money aggregation in preventing of the future economic slowdowns.

The aims of the conference include discussing key theoretical insights in order:

  • To provide a framework for improving monetary policy practices.
  • To review and advance knowledge on the recent financial crisis regarding the main challenges and prospects of central banking
  • To particularly survey and discuss the use of Divisia monetary aggregates and their potential role to address central bank challenges economic vulnerabilities

In sum, the conference aims to survey and discuss the recent theoretical advances in monetary tools, goals and policies, along with the latest empirical research findings with particular emphasis on the role and relevance of Divisia monetary aggregates.  Indeed, this Conference will be one of the first which, in an extensive manner, tackles the problem of monetary aggregation after the Great crisis.  The decisive questions to be addressed are:

  • How Important Are Economic (Divisia) monetary aggregates for contemporary economic policy?
  • Do Divisia monetary aggregates deserve more attention from both academic scholars and policy-makers?.

Main Topics

Topics of interest include, but are not limited to:

  • Central banks and monetary policy in post crisis era
  • Financial stability and the role of monetary policy
  • Crisis diagnosis and prediction models on monetary policy
  • Comparative studies on monetary policy involving emerging and developed economies
  • Composition of monetary aggregates
  • Relevance of the Barnett critique to the simple-sum measures of monetary aggregates
  • Monetary aggregates and GDP nowcasting
  • Divisia index: development, theoretical background, empirical research, utilization in in monetary policy analysis, future research potential.

Target audience

This Conference will certainly be a good opportunity to exchange ideas about economic and financial topics, present latest results, determine the economic prospects, and to identify the theoretical and practical challenges of today’s financial markets and governmental activity.

This conference is aimed to establish an effective channel of communication between academia and policy makers. One target group includes researchers with different background in economics, finance, sociology, political sciences, law, history, and other sciences. In addition, this Conference targets cross-disciplinary scholars, advanced undergraduates, PhD students, government officials, politicians. Concretely, the event should also bring together, policy makers at all levels of government, bankers, workers of financial institutions, and business owners that have been increasingly interested in  on monetary  and financial issues.

We strongly encourage the authors to submit their state of the art papers and critical appraisals of the current monetary policies. We hope that, throughout the Discussion Forum, the participants will develop a critical discussion about the potential challenges and limits of the monetary tools, goals and policies.

For queries, please contact Filip Fidanoski or James Swofford at weamonetarypolicy@gmail.com.


Authors are invited to submit a full paper to weamonetarypolicy@gmail.com by 15 December, 2017.

Complete guidelines for manuscripts  can be found at https://www.worldeconomicsassociation.org/conferences/guidelines/

Key dates

Paper submissions: 15th December, 2017

Discussion Forum: 15th January – 15th February, 2018

Guide for first time visitors

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